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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (1896)	5/26/2003 11:55:02 PM
From: GraceZ	Read Replies (1) \| Respond to of 4912

The miners are leveraged to the price of gold, any rise in the POG usually results in a larger move in the stock prices of the miners. Since they aren't doing that, one could conclude that the move in the POG is all dollar related and speculative in regards to dollar inflation. As opposed to the idea that physical gold is appreciating against ALL currencies which would result in the miners becoming more valuable in every currency but especially dollars, since the dollar is falling relative to the other currencies.